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School Logos buys logo-imprinted merchandise and then sells it to university bookstores. Sales are expected to be $2,005,000 in September, $2, 170,000 in October, $2,
School Logos buys logo-imprinted merchandise and then sells it to university bookstores. Sales are expected to be $2,005,000 in September, $2, 170,000 in October, $2, 376,000 in November, and $2, 580,000 in December. School Logos sets its prices to earn an average 30% gross profit on sales revenue. The company does not want inventory to fall below $435,000 plus 15% of the next month's cost of goods sold. Prepare a cost of goods sold, inventory, and purchases budget for the months of October and November
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